NSYS - NORTECH SYSTEMS INC

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Revenue Growth YoY (%)	-7.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-164%)	-8.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-167%)	3.9% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-68%)	16.5% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+37%)	10.6% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-11%)	-10.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-188%)	2.6% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-78%)	0.9% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-92%)	-3.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-131%)	1.2% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-90%)	2.8% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-77%)	0.9% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-93%)	3.9% Caution → Caution Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-68%)	-6.4% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-153%)	14.4% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+20%)	—	—
EPS Growth YoY (%)	80.9% Excellent → Excellent Stable Year-over-year change in earnings per share Optimal: > 10%	N/M	237.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-72.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	-26.1% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	N/M	N/M	N/M	10.3% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	26.1% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—
Net Income Growth YoY (%)	80.5% Excellent ↓ Excellent Declining Year-over-year change in net income	N/M	242.0% Excellent ↑ Excellent Improving Year-over-year change in net income	-71.9% Weak Weak Year-over-year change in net income	N/M	-25.9% Weak Weak Year-over-year change in net income	N/M	N/M	N/M	N/M	N/M	11.8% Fair ↓ Fair Declining Year-over-year change in net income	25.1% Excellent ↓ Excellent Declining Year-over-year change in net income	-47.1% Weak Weak Year-over-year change in net income	134.8% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	N/M	N/M	-84.2% Weak Weak Year-over-year change in free cash flow	N/M	N/M	216.7% Excellent Excellent Year-over-year change in free cash flow	-73.1% Weak Weak Year-over-year change in free cash flow	N/M	N/M	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	-4.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	3.6% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	10.2% Good ↑ Good Improving Compound annual revenue growth over 3 years	4.9% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	0.5% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-2.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-0.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-0.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	0.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	1.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.5% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-0.6% Weak Weak Compound annual revenue growth over 3 years	3.6% Caution Caution Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	2.6% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	2.0% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	4.2% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	3.6% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	-0.3% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-2.0% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	0.8% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	0.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	1.0% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	0.4% Weak Weak Compound annual revenue growth over 5 years	2.9% Caution Caution Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	—	—	—	254.8% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	-59.0% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Operating Margin (%) (%)	0.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-96%)	-0.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-101%)	4.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-79%)	2.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-86%)	2.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-90%)	-0.6% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-103%)	0.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-99%)	1.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-94%)	-1.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-106%)	0.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-97%)	-0.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-102%)	1.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-94%)	1.3% Weak → Weak Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-93%)	1.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-93%)	1.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-93%)	1.2% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-94%)	—
Effective Tax Rate (%) (%)	2390.9% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-37.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-25.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	42.2% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	10.7% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-25.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-49.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	66.3% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-18.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	44.4% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	35.6% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—
Profit Margin (%) (%)	-0.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-101%)	-1.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-107%)	4.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-67%)	1.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-90%)	6.2% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	-1.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-110%)	-1.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-107%)	0.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-99%)	-2.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-115%)	0.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-100%)	-0.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-103%)	0.8% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-95%)	0.7% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-95%)	0.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-96%)	1.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-93%)	0.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-97%)	—
FCF Margin (%) (%)	1.8% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-2.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	0.3% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	2.3% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-5.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	0.8% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	0.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	0.9% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-0.0% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	1.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—	—
FCF / Net Income (x)	-8.26x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.72x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.07x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	1.51x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-0.82x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.57x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.23x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	6.29x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	0.00x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	36.05x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Return on Invested Capital (%)	-64.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-0.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	21.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	8.0% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	7.8% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	-3.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	1.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	1.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-5.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	1.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-0.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	3.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	4.3% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.2% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	5.3% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	4.6% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	1.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-0.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	7.9% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	5.6% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	3.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-1.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-2.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-0.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.2% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	3.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	3.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	3.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	-0.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-104%)	-3.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-121%)	19.4% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+5%)	7.2% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-61%)	27.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+48%)	-8.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-145%)	-6.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-133%)	0.8% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-96%)	-12.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-167%)	0.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-99%)	-2.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-114%)	3.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-79%)	3.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-81%)	3.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-84%)	5.8% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-69%)	2.6% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-86%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Debt to Equity (x)	—	—	—	—	—	0.38x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-16%)	0.18x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-60%)	0.21x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-54%)	0.27x Excellent → Excellent Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-40%)	0.29x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-36%)	0.34x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-24%)	0.21x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-53%)	0.22x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-51%)	0.05x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-89%)	0.10x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-77%)	0.09x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-80%)	—
Interest Coverage (x)	1.05x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-0.26x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	11.83x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	9.46x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	5.28x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	-0.99x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.21x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.65x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	-2.02x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.14x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-0.91x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	3.61x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.74x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.32x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.96x Caution Caution Operating income divided by interest expense Optimal: > 5x	2.87x Caution Caution Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-1.66M	$-916.00K	$-960.00K	$-1.03M	$-643.00K	$6.72M	$3.27M	$3.92M	$4.88M	$6.19M	$7.64M	$4.74M	$4.88M	$1.09M	$2.12M	$1.50M	$-245.38K
Debt / EBITDA (x)	—	—	—	—	—	5.10x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.69x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.41x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.83x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.36x Fair → Fair Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.39x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.43x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.41x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.33x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.62x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.62x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Revenue per Share (USD)	$42.63	$46.51	$51.18	$49.95	$43.22	$39.17	$43.65	$42.11	$40.91	$42.45	$41.95	$40.85	$40.49	$38.99	—	$36.40	—
Basic EPS, GAAP (USD)	$-0.09	$-0.47	$2.53	$0.75	$2.68	$-0.58	$-0.46	$0.06	$-0.89	$0.02	$-0.21	$0.32	$0.29	$0.23	—	—	—
Free Cash Flow per Share (USD)	$0.75	$-1.28	$0.18	$1.13	$-2.19	$0.33	$0.10	$0.39	$-0.00	$0.57	—	—	—	—	—	—	—
Book Value per Share (USD)	$12.40	$12.32	$12.90	$10.51	$9.77	$7.04	$7.52	$7.92	$7.24	$8.12	$8.11	$8.31	$8.00	$7.71	$7.48	$7.03	—
Tangible Book Value per Share (USD)	$12.40	$12.32	$12.90	$10.51	$9.77	$7.04	$6.62	$7.03	$6.37	$6.93	$6.91	$8.29	$8.00	$7.71	$7.48	$7.03	—
Basic Weighted Avg Shares (shares)	2.78M	2.76M	2.72M	2.69M	2.66M	2.66M	2.67M	2.69M	2.75M	2.75M	2.75M	2.74M	2.74M	2.74M	—	2.74M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Working Capital (USD)	$26.31M	$33.89M	$32.21M	$28.46M	$29.47M	$21.50M	$21.05M	$20.96M	$19.72M	$19.18M	$20.70M	$23.87M	$15.55M	$12.56M	$12.29M	$13.06M	—
LT Debt (USD)	—	—	—	—	—	$7.07M	$3.62M	$4.40M	$5.36M	$6.46M	$7.64M	$4.81M	$4.88M	$1.09M	$2.12M	$1.73M	—
Total Equity (USD)	$34.55M	$34.01M	$35.34M	$28.08M	$26.11M	$18.72M	$19.98M	$21.09M	$19.82M	$22.31M	$22.27M	$22.83M	$21.94M	$21.14M	$20.51M	$19.29M	$18.73M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Sales/Revenue/Turnover (USD)	$118.36M	$128.13M	$139.33M	$134.12M	$115.17M	$104.11M	$116.33M	$113.37M	$112.33M	$116.62M	$115.19M	$112.04M	$111.06M	$106.94M	$114.24M	$99.82M	—
Depreciation Expense (USD)	$1.27M	$1.65M	$1.89M	$1.77M	$1.77M	$2.00M	$1.93M	$1.88M	$2.19M	$2.10M	$2.16M	$2.02M	$2.00M	$1.85M	$1.90M	$1.55M	—
Net Income, GAAP (USD)	$-252.00K	$-1.29M	$6.87M	$2.01M	$7.15M	$-1.55M	$-1.23M	$166.00K	$-2.45M	$43.77K	$-571.42K	$880.02K	$787.38K	$629.44K	$1.19M	$506.77K	—
Operating Cash Flow (USD)	$2.74M	$-2.25M	$1.77M	$5.40M	$-4.54M	$1.36M	$997.00K	$2.44M	$806.00K	$3.53M	—	—	—	—	—	—	—

NORTECH SYSTEMS INC

Analytical Summary

17-Year Financial Trajectory

Health Breakdown

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